public class Interest
1: // Fig. 5.6: Interest.java
2: // Compound-interest calculations with for.
3:
4: public class Interest
5: {
6: public static void main( String args[] )
7: {
8: double amount; // amount on deposit at end of each year
9: double principal = 1000.0; // initial amount before interest
10: double rate = 0.05; // interest rate
11:
12: // display headers
13: System.out.printf( "%s%20s\n", "Year", "Amount on deposit" );
14:
15: // calculate amount on deposit for each of ten years
16: for ( int year = 1; year <= 10; year++ )
17: {
18: // calculate new amount for specified year
19: amount = principal * Math.pow( 1.0 + rate, year );
20:
21: // display the year and the amount
22: System.out.printf( "%4d%,20.2f\n", year, amount );
23: } // end for
24: } // end main
25: } // end class Interest
26:
27:
28: /**************************************************************************
29: * (C) Copyright 1992-2005 by Deitel & Associates, Inc. and *
30: * Pearson Education, Inc. All Rights Reserved. *
31: * *
32: * DISCLAIMER: The authors and publisher of this book have used their *
33: * best efforts in preparing the book. These efforts include the *
34: * development, research, and testing of the theories and programs *
35: * to determine their effectiveness. The authors and publisher make *
36: * no warranty of any kind, expressed or implied, with regard to these *
37: * programs or to the documentation contained in these books. The authors *
38: * and publisher shall not be liable in any event for incidental or *
39: * consequential damages in connection with, or arising out of, the *
40: * furnishing, performance, or use of these programs. *
41: *************************************************************************/